Lumley Street, Saltburn-by-the-sea, TS134RU

This auction has ended!
Bid Count:
2
   
Final Bid:
£39,999.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges

Property Overview

***THIS PROPERTY WILL BE OFFERED FOR SALE BY AUCTION ON 24th May at Emirates Riverside, DH3 3QR. REGISTRATION FROM 6.30PM, AUCTION STARTS AT 7PM***

CHAIN FREE SALE * ENTRANCE HALL * THROUGH LOUNGE / DINING ROOM * BREAKFAST ROOM * KITCHEN * GR BATHROOM * 3 FIRST FLOOR BEDROOMS * REAR YARD * MARTIN & CO GUISBOROUGH 01287 631254 *

In need of refurbishment we offer this spacious 3 bedroom mid terrace property on Lumley Street, Loftus. The property will appeal to investors and first time buyers alike.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

ENTRANCE LOBBY Ceiling cornice, dado and uPVC front door. ENTRANCE HALL Ceiling cornice, plaster corbels, central heating radiator and stairs to the first floor. THROUGH LOUNGE / DINING ROOM 22' 4" plus window recess x 10' 3" (6.81m x 3.12m) To front and rear aspect. Ceiling cornice, wall lights, stone effect fire surround, double panelled central heating radiator, uPVC window and uPVC bow window. BREAKFAST ROOM 9' 6" x 8' 2" (2.9m x 2.49m) To rear aspect. Wall mounted Biasi gas central heating combi boiler, double panelled central heating radiator, tiled floor, uPVC door to the rear yard and archway to the kitchen area. KITCHEN AREA Base units, stainless steel sink unit, laminate work surfaces, double panelled central heating radiator and uPVC window. HALF TILED BATHROOM White WC., pedestal wash hand basin, panelled bath, walk-in shower enclosure with electric shower, ceiling cornice, tiled floor and central heating radiator. FIRST FLOOR LANDING AREA Fitted cupboard, loft access hatch to part boarded loft space with light via retractable ladder. WC White WC. BEDROOM 1 12' 5" x 10' 1" (3.78m x 3.07m) To front aspect. Fitted wardrobes, wall light, central heating radiator and two uPVC windows. BEDROOM 2 To rear aspect. With uPVC window. BEDROOM 3 8' 3" x 6' 7" (2.51m x 2.01m) To rear aspect. With wall light, central heating radiator and uPVC window. EXTERNALLY REAR YARD Half covered rear yard with electric point.

Martin and Co

Local Branch: 83 Westgate, Guisborough, TS14 6AF
Head Office: 2 St Stephens Court, Bournemouth, BH2 6LA

Fees & Charges Explained

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyer Information Pack

If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0191 239 0802.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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